(Reuters) -Zoom Video Communications will lay off 15% of its workforce, or about 1,300 jobs, Chief Executive Officer Eric Yuan said in blog post on Tuesday, sending the company’s shares up 7%. Yuan also said that he will take a salary cut of 98% for the coming fiscal year, foregoing his fiscal 2023 corporate bonus….
By Medha Singh (Reuters) -Retail investors are piling into small-cap firms that are into building artificial intelligence tools amid intensifying competition between Google-parent Alphabet and Microsoft to secure leadership in the next big driver of growth. The viral success of ChatGPT has turned the spotlight on AI on Wall Street, reminiscent of the blockchain hype…
By Christian Kraemer and David Lawder WASHINGTON (Reuters) -France and Germany’s economy ministers said they would push for the U.S. Inflation Reduction Act to embrace European companies as fully as possible as they headed into talks with their Washington counterparts on Tuesday. The pair are in the United States to convey growing discontent in Europe’s…
BEIJING (Reuters) -China’s Baidu Inc said on Tuesday it would complete internal testing of a ChatGPT-style project called “Ernie Bot” in March, as interest in generative artificial intelligence (AI) gathers steam. The search engine giant’s Hong Kong-listed shares closed up 15.3% on Tuesday, while its U.S shares climbed 11.2% in morning trade. A flurry of…
(Corrects time in paragraph 2 to 1740 GMT, not 0540 GMT) (Reuters) -U.S. stock index futures edged higher on Tuesday, ahead of a speech by Federal Reserve Chair Jerome Powell later in the day that will be parsed for further clues on how long the central bank will keep interest rates higher. Powell’s speech, due…
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -BP on Tuesday reported a record profit of $28 billion for 2022 while boosting its dividend in a sign of confidence as it sharply raised overall spending plans and scaled back ambitions to reduce oil and gas output by 2030. The blockbuster profit follows similar reports from…
LONDON(Reuters) – Australia was the latest major central bank to raise rates and on Tuesday hinted at further hikes, even as most major central banks steadily move closer to a pause in aggressive monetary tightening as inflationary pressures show signs of easing. Last week, the U.S. Federal Reserve implemented its smallest rise of its tightening…
By Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp fell to a quarterly loss on Tuesday, as its giant Vision Fund investment unit remained in the red for a fourth straight quarter, sharpening focus on when markets will recover enough to allow it to list some assets. The Vision Fund, which upended the world of…
PARIS (Reuters) – A national strike against planned pension reforms reduced France’s power supply and disrupted petrol deliveries from French refineries on Tuesday. Strikes have been taking place since mid-January as unions protest against the government’s plans to make people work longer before retirement. Public transport and schools have also been affected. Total power supply…
(Reuters) – Microsoft Corp said it was investigating issues with email service Outlook as users in North America faced problems with accessing, sending or searching emails on the platform. There were more than 2,000 incidents of people reporting issues with Outlook late Tuesday at about 23:10 ET, according to Downdetector.com, which tracks outages by collating…
